Best international online brokers in Japan in 2022

Interactive Brokers
4.9
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Saxo Bank
4.8
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Capital.com
4.7
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75.26% of retail CFD accounts lose money
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To help you to find the best international online brokers in Japan in 2022, we went ahead and did the research for you. We selected 100 quality online brokers, checked and compared basically every aspect of their services, with a special focus on fees, safety, trading platforms, as well as deposit and withdrawal options. Service providers had to prove their excellence in multiple areas to be considered among the best online brokers. And now, without further ado...

Top 5 picks for best international online brokers in Japan in 2022:

  1. Interactive Brokers is the best international online brokers in Japan in 2022. Low trading fees. Wide range of products. Many great research tools.
  2. Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. Capital.com rounds out the top three. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  4. TradeStation is numero quattro. Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
  5. Questrade just made it to the list in fifth place. Low stock and ETF fees. Solid research tools. Superb customer service.
Best international online broker in Japan in 2022
Broker Info Score Minmum deposit
#1 Interactive Brokers International broker providing all asset classes 4.9 $0
#2 Saxo Bank Danish investment bank 4.8 $2,000
#3 Capital.com Global CFD broker 4.7 $20
#4 TradeStation US stockbroker 4.5 $0
#5 Questrade Canadian stockbroker 4.5 $1,000

What makes a good online broker? Surely, they need to provide great services in all areas, especially in terms of fair fees and safety. Depositing and withdrawing money should be either free or cheap and the process user-friendly. Great trading platforms, an easy account opening procedure and a wide range of products also weighed heavily in the scoring.

These features are easy to list, but hard to figure out. We are testing brokers based on nearly 500 criteria with real accounts and real money. You can find all the ranking criteria in our methodology.

And now, let's see the best international online broker in Japan in 2022 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Japan
Interactive Brokers

4.9

Interactive Brokers review summary

 

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1978. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Recommended for traders looking for broad market access and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

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#1 Interactive Brokers
Fees
4.5

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
US stock $1.0 $10.0 $0.0 $1.0 $5.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - $7.4
US stock index options $6.5 $30.0 - $10.0 $20.0
Mutual fund $15.0 $0.0 - $15.0 $10.0
S&P 500 index CFD fee $2.8 $1.2 $3.4 - $1.2

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#1 Interactive Brokers
Mobile trading platform
3.5

The Interactive Brokers mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.
Pros Cons
Two-step (safer) login Minor technical glitches
Good variety of order types
Price alerts
Best international online brokers for in Japan in 2022 - Interactive Brokers trading platform

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal free each month
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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Saxo Bank Logo

#2 Best international online brokers for citizens in Japan
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Being regulated by top-tier financial authorities, and having a long track record and a banking background, are all good signs for Saxo Bank's safety.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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#2 Saxo Bank
Fees
3.3

Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees Custody fee
No withdrawal fee High fees for options and futures
Saxo Bank fees
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
US stock $1.0 $10.0 $0.0 $1.0 $5.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - $7.4
US stock index options $6.5 $30.0 - $10.0 $20.0
Mutual fund $15.0 $0.0 - $15.0 $10.0
S&P 500 index CFD fee $2.8 $1.2 $3.4 - $1.2

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#2 Saxo Bank
Mobile trading platform
5.0

Saxo Bank's user-friendly mobile app has the same look and very similar functionalities as the web platform.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for in Japan in 2022 - Saxo Bank trading platform

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#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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Capital.com Logo

#3 Best international online brokers for citizens in Japan
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, and Belarus where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the National bank of the Republic of Belarus (NBRB). 

Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Pros Cons
Low forex CFD fees and commission-free real stocks High stock index CFD fees
Great account opening experience Only CFD and real stock available
Excellent email and chat support Smaller account currencies not available

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75.26% of retail CFD accounts lose money

#3 Capital.com
Fees
4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees are high. As a plus, there are no inactivity or withdrawal fees.
Pros Cons
Low forex CFD fees High stock index CFD fees
Commission-free real stocks (with tight spreads)
No withdrawal or inactivity fee
Capital.com fees
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
US stock $1.0 $10.0 $0.0 $1.0 $5.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - $7.4
US stock index options $6.5 $30.0 - $10.0 $20.0
Mutual fund $15.0 $0.0 - $15.0 $10.0
S&P 500 index CFD fee $2.8 $1.2 $3.4 - $1.2

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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75.26% of retail CFD accounts lose money

#3 Capital.com
Mobile trading platform
4.9

Capital.com's mobile trading platform is user-friendly, has a modern design, provides two-step login as well as price alerts.
Pros Cons
User-friendly Touch/Face ID login only on iOS
Two-step (safer) login
Good search function
Best international online brokers for in Japan in 2022 - Capital.com trading platform

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75.26% of retail CFD accounts lose money

#3 Capital.com
Deposit and withdrawal
4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.
Pros Cons
Credit/Debit card available Smaller currencies not available
Free withdrawal
No deposit fee
Capital.com withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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75.26% of retail CFD accounts lose money

TradeStation Logo

#4 Best international online brokers for citizens in Japan
TradeStation

4.5

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; transparently discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Inconvenient deposit and withdrawal
Low trading fees No forex trading
High-quality research and education tools Mediocre customer service

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#4 TradeStation
Fees
4.0

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, there's an inactivity fee and only ACH is free for withdrawals.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees / Free stock trading WIthdrawal fee for bank wire transfers
Free ACH withdrawals
TradeStation fees
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
US stock $1.0 $10.0 $0.0 $1.0 $5.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - $7.4
US stock index options $6.5 $30.0 - $10.0 $20.0
Mutual fund $15.0 $0.0 - $15.0 $10.0
S&P 500 index CFD fee $2.8 $1.2 $3.4 - $1.2

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#4 TradeStation
Mobile trading platform
4.8

TradeStation's mobile platform is great. It is very user-friendly and well-designed, offering price alerts and excellent order management. However, search functions could be better.
Pros Cons
User-friendly Limited search functions
Two-step (safer) login
Good variety of order types
Best international online brokers for in Japan in 2022 - TradeStation trading platform

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#4 TradeStation
Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; while the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit/withdrawal in cryptocurrencies High fee for wire withdrawal
ACH withdrawal is free
TradeStation withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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Questrade Logo

#5 Best international online brokers for citizens in Japan
Questrade

4.5

Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.

Recommended for traders and investors focusing on the canadian and us markets

Pros Cons
Low stock and ETF fees Slow account opening for non-Canadians
Solid research tools High withdrawal fee for non-Canadians
Superb customer service Limited account base currencies

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#5 Questrade
Fees
3.6

Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, margin rates are slightly at the higher end.
Pros Cons
Low non-trading fees High margin rates
Low stock and ETF fees / Free stock trading
Low fund fees
Questrade fees
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
US stock $1.0 $10.0 $0.0 $1.0 $5.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - $7.4
US stock index options $6.5 $30.0 - $10.0 $20.0
Mutual fund $15.0 $0.0 - $15.0 $10.0
S&P 500 index CFD fee $2.8 $1.2 $3.4 - $1.2

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#5 Questrade
Mobile trading platform
4.8

The Questrade mobile trading platform is great. It is user-friendly and well-designed.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best international online brokers for in Japan in 2022 - Questrade trading platform

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#5 Questrade
Deposit and withdrawal
2.7

Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and non-Visa debit cards are not available.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee High fee for wire withdrawals
User-friendly Non-Visa debit card not available
Questrade withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0

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Best international online brokers for in Japan in 2022
What makes a good online broker

Now that you know the top 5, you probably want to know how we came up with this list. Let's go through a few points quickly.

Are these brokers reliable?

Absolutely. You can be sure none of them is a scam. They are all regulated by at least one top-tier regulator.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than 500 criteria, with real accounts and real money. We don't want to overwhelm you, so we will list only the top 5 criteria.

The 5 most important criteria for best international online brokers in 2022
1. Fees Trading fees for a given stock trade can be 50 times higher at one online broker compared to another. The brokers listed here all have low fees.
2. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take much longer and be much more expensive than at others.
3. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Account opening Some online brokers require a minimum deposit to start investing while others don't ask for a fix first-time deposit. Check these requirements before opening an account.
5. Markets and products Want to invest in Japanese stocks or trade Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so you can trade many asset types.

Best international online brokers for in Japan in 2022
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers in 2022 for residents in Japan:

Best international online brokers for residents in Japan
Interactive Brokers Saxo Bank Capital.com TradeStation Questrade
Overall score 4.9 4.8 4.7 4.5 4.5
Fees score 4.5 stars 3.3 stars 4.4 stars 4.0 stars 3.6 stars
Mobile platform score 3.5 stars 5.0 stars 4.9 stars 4.8 stars 4.8 stars
Deposit and withdrawal score 3.0 stars 4.8 stars 4.5 stars 2.3 stars 2.7 stars
Account opening score 3.2 stars 2.0 stars 5.0 stars 5.0 stars 3.5 stars
Markets and products score 5.0 stars 5.0 stars 3.4 stars 2.8 stars 4.4 stars
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75.26% of retail CFD accounts lose money
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Interactive Brokers is our winner, the best international online broker in Japan in 2022. Low trading fees. Wide range of products. Many great research tools.

Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country, it will show only the brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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